PUG Stock Market Analysis, LLC | Technical Analysis Blog

PUG Stock Market Analysis is here to help with SP500, QQQ, IWM, Gold technical analysis, stock analysis and more.

April 1st, 2015: GLD Wave Count Update

Posted by pugsma on March 30, 2015

5:00 pm EST:  Here is the GLD wave count update.   Per the primary wave count it looks like minor 2 of major [3]-PC-CC reached near the 88% retrace at 115.84.  The minor 3 wave down toward the 1.62*minor 1 target of 104.01 should now be underway.  However, if GLD price breaks above 117.07 before below 109.77, then per the alternate (blue) count labels this wave up is the major [2]-PC-CC wave that must hold below 125.58.

GLD 60-min chart (EOD, March 30th):

PUG GLD 60-min chart EOD 3-30-15

GLD 4-hr chart (EOD, March 30th):

PUG GLD 4-hr chart EOD 3-30-15

Sorry, the comment form is closed at this time.

%d bloggers like this: